Social Security and Medicare Lock-Box Act

3.0.0 1221 2025-03-21T16:32:44Z 2025-03-21T16:32:44Z House H HR 2025-02-11 119 <pre>[Congressional Record Volume 171, Number 28 (Tuesday, February 11, 2025)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. WALBERG:H.R. 1221.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 1 of the United StatesConstitution[Page H646]</pre> hswm00 Ways and Means Committee House Standing Referred To 2025-02-11T15:04:40Z 2025-02-11 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2025-02-11 Introduced in House IntroReferral Intro-H 9 Library of Congress 2025-02-11 Introduced in House IntroReferral 1000 9 Library of Congress W000798 Rep. Walberg, Tim [R-MI-5] Tim Walberg R MI 5 N Health Health 2025-03-13T13:26:44Z

00 2025-02-11 Introduced in House 2025-03-20T16:04:51Z Social Security and Medicare Lock-Box Act This bill establishes (1) in the Federal Old-Age and Survivors Insurance Trust Fund, a Social Security Surplus Protection Account; and (2) in the Federal Hospital Insurance Trust Fund, a Medicare Surplus Protection Account. The Managing Trustee of each trust fund (in both cases, the Secretary of the Treasury) (1) must transfer the annual surplus of the trust fund to its respective account; and (2) may not invest the balance in the account until a law takes effect that authorizes, for amounts in the trust fund, an investment vehicle other than U.S. obligations. The bill establishes in the executive branch a commission to study the most effective vehicles for investment of the trust funds, other than investments in the form of U.S. obligations.

Social Security and Medicare Lock-Box Act Display Title 45 Social Security and Medicare Lock-Box Act 2025-03-12T12:53:21Z Short Title(s) as Introduced 101 Social Security and Medicare Lock-Box Act 2025-03-12T12:53:19Z Introduced in House IH Official Title as Introduced 6 To amend titles II and XVIII of the Social Security Act to establish a Social Security Surplus Protection Account in the Federal Old-Age and Survivors Insurance Trust Fund to hold the Social Security surplus and a Medicare Surplus Protection Account in the Federal Hospital Insurance Trust Fund to hold the Medicare surplus, to provide for suspension of investment of amounts held in such Accounts until enactment of legislation providing for investment of the Trust Funds in investment vehicles other than obligations of the United States, and to establish a Social Security and Medicare Part A Investment Commission to make recommendations for alternative forms of investment of the Social Security and Medicare surpluses. 2025-03-12T12:48:35Z Introduced in House IH Introduced in House 2025-02-11T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-119hr1221ih/xml/BILLS-119hr1221ih.xml 2025-02-11 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.